Insider Buying: Jacob Chacko Buys 1,840 Shares of Ignyta Stock (RXDX)
Ignyta (NASDAQ:RXDX) CFO Jacob Chacko acquired 1,840 shares of the stock on the open market in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average price of $7.53 per share, with a total value of $13,855.20. Following the completion of the purchase, the chief financial officer now directly owns 1,840 shares in the company, valued at approximately $13,855. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Ignyta (NASDAQ:RXDX) traded up 0.66% during mid-day trading on Wednesday, hitting $7.60. 2,185 shares of the company’s stock traded hands. Ignyta has a one year low of $5.36 and a one year high of $20.00. The stock’s 50-day moving average is $8.3 and its 200-day moving average is $8.88. The company’s market cap is $148.8 million.
Ignyta (NASDAQ:RXDX) last announced its earnings results on Tuesday, August 12th. The company reported ($0.28) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.26) by $0.02. Analysts expect that Ignyta will post $-1.50 EPS for the current fiscal year.
Ignyta, Inc is a development-stage biopharmaceutical company. The Company is focused on discovering or acquiring, then developing and commercializing targeted drugs for cancer patients whose tumors harbor specific molecular alterations.
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